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Apartment in Puerto Banús
Puerto Banús, Spain
REF: 760890
€600,000
Description
This two bedroom property is in a hotel in the Puerto Banús area, of Marbella. The 5-star property is located next to the famous luxury marina Puerto Banús and is also close to San Pedro de Alcántara with all its charm of the small town and its plethora of restaurants, bars, shops and sports facilities such as gyms, as well as padel and golf clubs (Guadalmina Golf Club and Atalaya Golf Club being the clostest). The hotel has of course its own gym, Spa and swimming pools. The apartment is made up of a double room, with a lovely terrace, and is connected via a door to a neighbouring suite. The suite has a living room, fully equipped kitchenette and a large terrace. The property boasts beautiful views overlooking the pool, and beyond, the open view of the sea. The property is sold with an exploitation agreement, a condition to be able to own a property in the Hotel. The main contractual conditions are: - Own use is limited to one month a year, except during July and August, unless occupancy levels permit this. - Rent 30% on total (gross) room production - Bank guarantee with annual renewal - Community expenses borne by the operator - Computer application for individualized profitability control in real time - 15% discount for owners on all hotel services - Maintenance works and related expenses are borne by the operator This property is suitable for an owner wishing to own an asset for their holidays, while also providing a good year-round income. All bookings are managed hassle-free by the hotel.
This two bedroom property is in a hotel in the Puerto Banús area, of Marbella. The 5-star property is located next to the famous luxury marina Puerto Banús and is also close to San Pedro de Alcántara with all its charm of the small town and its plethora of restaurants, bars, shops and sports facilities such as gyms, as well as padel and golf clubs (Guadalmina Golf Club and Atalaya Golf Club being the clostest). The hotel has of course its own gym, Spa and swimming pools. The apartment is made up of a double room, with a lovely terrace, and is connected via a door to a neighbouring suite. The suite has a living room, fully equipped kitchenette and a large terrace. The property boasts beautiful views overlooking the pool, and beyond, the open view of the sea. The property is sold with an exploitation agreement, a condition to be able to own a property in the Hotel. The main contractual conditions are: - Own use is limited to one month a year, except during July and August, unless occupancy levels permit this. - Rent 30% on total (gross) room production - Bank guarantee with annual renewal - Community expenses borne by the operator - Computer application for individualized profitability control in real time - 15% discount for owners on all hotel services - Maintenance works and related expenses are borne by the operator This property is suitable for an owner wishing to own an asset for their holidays, while also providing a good year-round income. All bookings are managed hassle-free by the hotel.
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Currency Exchange
Puerto Banús, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €600,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €600,000 | £496,986 | £515,670 | £18,684 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £496,986 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,684 |
Puerto Banús, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €600,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €600,000 | £496,986 | £515,670 | £18,684 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £496,986 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,684 |
The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £18,684 more.
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